Randi Rhodes explains oil subsidies (The Randi Rhodes Show)

Recorded with Dar.FM
http://www.dar.fm

Includes a clip of President Obama from a town hall session.


- Oil prices are set by OPEC, (12 countries, none of which are the USA)
- You subsidies something that you want more of, by subsidizing high prices you are encouraging more high prices
- "Paying a premium on high prices"
- OPEC controls supplies, consumers control the demand
- Subsidies are meant to be a floor. Something to help in tough times.
- with 30% profits there is no reason to increase supply / production
- The US govt. can't control supply
- consumers need an energy choice
- competition lowers prices

I'm particularly interested in the conservative take. It seems like see's using free market principles in her explanation, so it should satisfy conservatives. However; if you feel that Randi is incorrect, please explain why in the comments below.


Note: In case it comes up, YES this is the same Randi Rhodes that was on Air America, (she left years before it failed) and YES she is now on the same syndicator as Rush Limbaugh.

Category:

News & Politics

Tags:

• Randi
• Rhodes
• Show
• Subsidies
• oil
• President
• Obama
• gas
• cost
• per
• barrel
• global
• opec
• energy
• power
• commentary
• politics
• analysis
• environment
• barack
• warming
• climate

[pirucreek]

The price of oil is set on the open market. Put in alternatives all alternatives are moving to china due to unions and minimum wage. End both. Putting money in alternatives has been all flushed down the toilet. We just sold sunpower to a France oil company, while keeping the NREL. go back to school.